All Forum Posts by: Joel Fischer

Hi Lillie,

Please send financials including projected cap rate, NOI, etc.

Please send info to [email protected]

Met with Jesse yesterday for the first time.  What a relief.  An experienced, successful Las Vegas real estate investor anxious to discuss the real world of LV real estate.  This was exactly what I was looking for...the ultimate NON-guru experience.  Warning:  If you are looking for someone who is going to provide you with the newest "can't miss" system that is going to make you a millionaire in a year or two, don't waste your time with Jesse.  He's going to talk to you about the basics and will provide the kind of fact based info that will enable you to survive and eventually prosper if you have the guts and determination to stick with it.  If you are serious about working with someone who knows how it's done and genuinely wants to help, call him.

Hi Patrick,

Any info you might be willing to share about your first deal would be greatly appreciated by the BP community.

Could anyone with some knowledge/experience with note buying care to explain what "partials" are and what role they might play in a note portfolio?

My personal feelings only. If total repairs needed are under something like 1k on the side you can see I probably would do the deal especially with home warranty. The 1k is subjective but the idea is don't lose a deal over a small amount of money.  What concerns me is not seeing one of the units. That would definitely kill the deal for me. Buying a property sight unseen is always a bad idea.  You have no clue what the tenant might have done to it. Also, how do you get a loan without people getting in to inspect/appraise?

Chad,  A few paragraphs about how one might go about getting into private lending and the keys to succeeding in it as you have would be greatly appreciated by the BP community.

Thanks again Wayne.  If current owner can get bank approval to place into trust would I then likely be ok?

thanks Wayne...If sale of beneficial interest occurs within trust how would bank even know property changed owner? 

I am thinking about purchasing SFH. I know that loan assumption is often difficult because banks usually do not approve these arrangements. I am wondering if the use of a land trust might be helpful. Simple plan: Land trust is created. Current owner places the property in the trust and he is the beneficiary. He then sells me the beneficial interest for agreed amount and I assume current mortgage. By performing this transfer within the trust can I avoid Due on Sale clause of current mortgage?